Innovation Management System – A Necessity for Business Performance

Abstract:

The research carried out in this article deals with identifying and analyzing the existing models of innovation management systems. The research in this paper is conducted in such a manner that it can be read and apply by everyone, regardless of his / her knowledge of innovation management. From the analyses of the main models of innovation management systems, found in the literature, a series of common aspects resulted. Although the importance of innovation is predictable, the interesting question is how to achieve excellence in managing innovation. As the review of the literature, there are no easy answers to this question as there are no shortcuts to excellent results. Successful companies do not have a silver bullet innovative - they do not get results by one or a few things better than others. They make everything better.